To boost the supply chain of semiconductors on the home soil, the US Commerce Department has signed an accord with Taiwan Semiconductor Manufacturing Company (TSMC) to build the world’s most advanced semiconductors at Arizona in Phoenix by the end of 2030, and has awarded $6.6 billion as subsidy and $5 billion in low-cost government loans for the advance production unit, news agency Reuters reported.
The US Commerce Department said the TSMC has agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fabrication by 2030. The Taiwanese company will produce the world’s most advanced 2-nanometer technology at its second Arizona fab expected to begin production in 2028, the department added.
“These are the chips that underpin all artificial intelligence, and they are the chips that are necessary components for the technologies that we need to underpin our economy, but frankly, a 21st century military and national security apparatus,” Reuters quoted Commerce Secretary Gina Raimondo as saying.
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Published: 08 Apr 2024, 05:06 PM IST